Nazrin Hassan frets over trend of startups raising money overseas Badlisham Ghazali leaves MDeC after 7 years to run airports business
Building on its acquisition of Silicon Valley-based alternative payment platform provider Rixty Inc, MOL AccessPortal Sdn Bhd has launched the MOLPoints online game and digital goods payment platform in the United States and Brazil.
Thanks to open source software and cloud-based services, there has never been a better nor cheaper time to build out a product or roll out a service. As a consequence, the dynamics of raising money for start-ups has changed too, says Ted Sorom, the founder of Rixty Inc, the payment solution company that MOL Global Pte Ltd just acquired.
MOL Global has been busy expanding its reach globally and took a big step in that direction by acquiring a simple majority in San Francisco-based Rixty Inc, which is also is in the online payment space.